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POPEYE’S SHOPPING CENTER– CLERMONT, FL 16526-16530 State Road 50 5,286 SF 100% Leased 4-Star Retail Building Clermont, FL 34711 $5,733,044 CAD ($1,084.57 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Popeyes (20-Year NNN Lease) – National QSR chain with a strong credit profile; early in their lease term (Year 1 of 20), ensuring long-term stability.
  • T-Mobile – A Fortune 100 company and one of the largest wireless carriers in the U.S., providing corporate-backed tenancy.
  • Positioned directly on State Road 50 (59,473 CPD), a dominant east-west arterial, the center boasts outstanding visibility
  • Jeff’s Bagel Run (10 Years Remaining) – A fast-growing Florida-based concept with a cult following and strategic expansion plans
  • All tenants are on long-term leases with structured rental escalations, offering built-in NOI growth and inflation protection
  • Surrounded by a powerful mix of national anchors including Costco, Target, Walmart, Kohl’s, BJ’s Wholesale, Lowe’s, Home Depot, and many more

EXECUTIVE SUMMARY

The Popeye’s Retail Center presents a rare opportunity to acquire a stabilized, 100% leased, multi-tenant retail asset located in one of Central Florida’s most dynamic retail corridors. Anchored by national and regional tenants with long-term, escalated leases, this property offers a durable income stream, excellent tenant synergy, and strong underlying real estate fundamentals.
With stable in-place income, strong lease terms, and national tenancy, this asset is ideal for investors seeking defensive positioning with upside via escalations and continued market growth. Minimal landlord responsibilities make it well-suited for both institutional buyers and private investors.
Popeyes currently operates over 4,100 locations in over 25 countries.
Jeff's Bagel Run currently has 10 locations open, with 6 more set to open soon.
T-Mobile currently has over 5,000 retail locations nationwide.

Broker of Record
Brian Brockman - Bang Realty-Naples, Inc
LIC # BK3327646
In Association with Designated Broker:
BRIAN BROCKMAN
Broker of Record
Bang Realty-Naples, Inc.
LIC # BK3327646

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,286 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$5,733,044 CAD
Price Per SF
$1,084.57 CAD
Cap Rate
5.50%
NOI
$315,352 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.98 AC
Zoning
C
Frontage
144’ on State Road 50

AMENITIES

  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

After relocating to Central Florida in 2016, Jeff and Danielle Perera found themselves longing for the authentic New York-style bagels that Danielle grew up enjoying. Dissatisfied with the options available, they decided to take matters into their own hands. In 2019, when Jeff faced a layoff, Danielle saw an opportunity to turn their shared love of bagels into something more. With Jeff as the baker and Danielle as the taste tester, they embarked on a journey to perfect the art of bagel making. Amidst the challenges of the pandemic, Jeff initiated what would become known as the “bagel run” – personally delivering freshly baked “Always boiled, never toasted” bagels door-to-door to friends, neighbors, and local businesses. The response was overwhelming, with demand quickly outpacing supply. Fueled by the enthusiasm of their community, Jeff’s Bagel Run evolved from a humble home kitchen operation to a thriving business.

  • Accommodation and Food Services
  • -
  • -
  • Negotiable
  • -

Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.

  • Information
  • -
  • -
  • -
  • -

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience, and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - - -
Accommodation and Food Services - - Negotiable -
Information - - - -

NEARBY MAJOR RETAILERS

Chase
Bank of America
Orangetheory Fitness
Publix
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-22-26-0001-000-02500
Land Assessment
$1,500,620 CAD
Improvements Assessment
$988,522 CAD
Total Assessment
$2,489,142 CAD
  • Listing ID: 34712581

  • Date on Market: 2025-01-29

  • Last Updated:

  • Address: 16526-16530 State Road 50, Clermont, FL 34711

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